Australia’s median wealth falls almost 7% since 2020 despite the rich getting richer, report says

Swiss bank UBS finds growing divide between the wealthiest and the broader population' as country adds more than 25,000 more millionaires

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Middle Australia's wealth is going backwards while the richest claim an ever-greater share of the pile, according to new research that shows more than 25,000 people across the country became millionaires last year.

The latest global wealth report from the Swiss bank UBS said 2025 marked an extraordinary year", in which close to a million new millionaires were created worldwide - a record increase in a single year.